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Stockholders' Equity (Tables)
6 Months Ended
Sep. 30, 2012
Stockholders' Equity [Abstract]  
Summary of Repurchase Program Activity

The table below is a plan-to-date summary of the Company’s repurchase program activity as of September 30, 2012 (in thousands, except per share data):

 

                         
    Aggregate
Price
    Repurchased
Shares
    Average Price
Per Share
 

Stock repurchase program

                       

Authorized amount

  $ 300,000       —       $ —    

Open market repurchases

    173,611       17,284       10.04  

Structured stock repurchase agreements*

    110,517       9,989       11.06  
   

 

 

   

 

 

   

 

 

 

Total repurchases

  $ 284,128       27,273     $ 10.42  
   

 

 

   

 

 

   

 

 

 

Available for repurchase

  $ 15,872                  
   

 

 

                 

 

* The amounts above do not include gains recorded to additional paid-in-capital of $12.8 million from structured stock repurchase agreements which settled in cash. The average price per share for structured stock repurchase agreements adjusted for gains from settlements in cash would have been $9.78 per share and for total repurchases would have been $9.97 per share.
Schedule of Option Activity Under Stock Incentive Plans

Option activity under the Company’s stock incentive plans during the six months ended September 30, 2012 is set forth below (in thousands, except per share data):

 

                 
    Number of Shares     Weighted Average
Exercise Price
Per Share
 

Outstanding at the beginning of the year

    4,164     $ 10.67  

Granted

    40       5.58  

Exercised

    (14     5.14  

Forfeited

    (252     18.68  
   

 

 

   

 

 

 

Outstanding at the end of the period

    3,938     $ 10.13  
   

 

 

   

 

 

 

Vested and expected to vest at the end of the period

    3,910     $ 10.14  
   

 

 

   

 

 

 

Vested at the end of the period

    3,133     $ 10.42  
   

 

 

   

 

 

 
Weighted Average Remaining Contractual Life and Weighted Average Per Share Exercise Price of Options Outstanding and Options Exercisable

The weighted average remaining contractual life and weighted average per share exercise price of options outstanding and of options exercisable as of September 30, 2012 were as follows (in thousands, except exercise prices and years):

 

                                         
    Options Outstanding     Options Exercisable  

Range of Exercise Prices

  Number of
Shares
    Weighted
Average
Remaining
Contractual
Life
    Weighted
Average
Exercise Price
    Number of
Shares
    Weighted
Average
Exercise Price
 

$ 1.68 - $ 7.12

    939       3.28     $ 6.40       553     $ 6.03  

    7.13 - 8.07

    854       4.06       7.71       816       7.70  

    8.08 - 11.86

    938       5.10       10.34       654       10.15  

  11.87 - 14.40

    829       3.34       12.94       732       13.03  

  14.41 - 24.16

    378       2.44       18.15       378       18.15  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

$ 1.68 - $24.16

    3,938       3.82     $ 10.13       3,133     $ 10.42  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Schedule of Restricted Stock Unit Activity

Restricted stock unit activity during the six months ended September 30, 2012 is set forth below (in thousands):

 

         
    Restricted Stock Units
Outstanding
Number of Shares
 

Outstanding at the beginning of the year

    9,244  

Awarded

    522  

Vested

    (327

Cancelled

    (797
   

 

 

 

Outstanding at the end of the period

    8,642